KPIT has delivered stellar returns to the investors in the past two years. Stock is currently trading at the support level of a Descending triangle pattern. If it closes below the 600 level, it can fall further to 500 levels. However, if it breakout from the pattern, it can reach its previously high levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.
@daksh7510, It may rise given the prospects of the company. But the market should continue to provide premium valuations to the company to raise to the mentioned levels. DYOR.
chari555
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@jayaprakash99, I have 2500 shares at 650 can I hold or exit bro
jayaprakash99
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@chari555 Heyy bro, stocks seems weak as per technicals, but technical analysis can go wrong at times and company is fundamentally very strong and management expecting robust growth in next few years. if you believe in the company you can add more on the dips, else you can exit. This is my opinion, However I'm not a registered financial advisor. Please do your analysis before taking any decision. Hope this helps. Cheers.